New York — Bitcoin has surged about 20% this week, breaching $22,000 for the first time and stirring predictions that more gains lie ahead for the world’s largest cryptocurrency.

The digital coin jumped as much as 5.5% to about $22,366 on Thursday, according to a composite of prices compiled by Bloomberg. Bitcoin and the wider Bloomberg Galaxy Crypto Index have both more than tripled in 2020. Cryptocurrency-linked stocks in South Korea, Japan and China climbed...

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